Updated Oct 29, 2024
Wow Knit Inc Acquires Office Building At 3100 S Grand Ave In Mid-Cities For $6.5M
3100 South Grand Avenue, Los Angeles, CA, USA
$6,500,000
$202/SF
Building Size
32,110 SF
Asset Type
Office
Closing
Mar 22, 2020
About this deal
AI
Located at 3100 S Grand Ave in the Mid-Cities market, this office property has been sold for $6,500,000. The transaction took place on 03/23/2020. The property spans 32,110 square feet, translating to a price per square foot of $202.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,500,000
- Address: 3100 S Grand Ave
- Market: Mid-Cities
- Square Footage: 32,110
- Price per Square Foot: $202
The buyer of this property is Wow Knit Inc. Sehyung Kim and Kam Elghanian have represented the buyer in this deal.
On the Map
$6,500,000
$202/SF
Office
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Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93